Paper Contents
Task-1: Understand the process of Strategic planning

• Assessment of business missions, visions, objectives, goals and core competencies inform strategic planning
• Factors that must be considered in formulating strategic plans
• Evaluation of the effectiveness of techniques used in developing strategic plans for Tesco
• BCG growth share matrix:
• Profit impact of market strategy (PIMS)

Task-2: Be able to formulate strategy

• An organization audit for Tesco
• An environment audit for Tesco
• PESTLE analysis
• The significance of stakeholder analysis in case of formulating new strategy
• A new strategy for Tesco

Task-3: Understand approaches to strategy evaluation and selection

• The appropriateness of alternative strategies relating to market growth, substantive growth, limited growth or retrenchment
• Market entry strategy
• An appropriate future strategy for Tesco
• Understand how implement a chosen strategy
• The roles and responsibilities of personnel needed to implement the strategy
• The estimated resource requirements for implanting a new strategy for Tesco
• Contribution of SMART targets to the achievement of strategy implementation in Tesco Company
• Importance of SMART target

12+ Pages

Harvard – 17 References